Exelon Co. (NASDAQ:EXC) Shares Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP increased its position in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 209.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,607 shares of the company's stock after purchasing an additional 17,334 shares during the quarter. GSA Capital Partners LLP's holdings in Exelon were worth $1,038,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Crewe Advisors LLC purchased a new stake in shares of Exelon in the first quarter valued at approximately $26,000. American National Bank & Trust increased its stake in shares of Exelon by 178.8% in the 3rd quarter. American National Bank & Trust now owns 697 shares of the company's stock worth $28,000 after acquiring an additional 447 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Exelon by 646.2% during the 2nd quarter. Versant Capital Management Inc now owns 776 shares of the company's stock worth $27,000 after acquiring an additional 672 shares during the period. Ashton Thomas Securities LLC acquired a new position in shares of Exelon during the 3rd quarter valued at about $32,000. Finally, J.Safra Asset Management Corp purchased a new stake in shares of Exelon in the second quarter valued at about $28,000. 80.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EXC has been the topic of several recent analyst reports. Wells Fargo & Company boosted their target price on shares of Exelon from $40.00 to $42.00 and gave the company an "equal weight" rating in a report on Friday, August 2nd. Barclays raised their target price on Exelon from $41.00 to $44.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 15th. Scotiabank upped their price target on Exelon from $37.00 to $40.00 and gave the company a "sector perform" rating in a research note on Tuesday, August 20th. UBS Group raised their price objective on Exelon from $40.00 to $43.00 and gave the stock a "neutral" rating in a research report on Friday, September 20th. Finally, Jefferies Financial Group initiated coverage on shares of Exelon in a research report on Thursday, September 19th. They issued a "buy" rating and a $46.00 target price on the stock. Eleven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Exelon currently has a consensus rating of "Hold" and a consensus target price of $41.33.

Exelon Stock Up 2.6 %

EXC stock traded up $0.99 during midday trading on Friday, hitting $39.11. The company's stock had a trading volume of 9,038,601 shares, compared to its average volume of 6,756,319. The firm has a 50-day simple moving average of $39.68 and a 200-day simple moving average of $37.79. The firm has a market capitalization of $39.30 billion, a P/E ratio of 16.09, a PEG ratio of 2.72 and a beta of 0.54. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. Exelon Co. has a 52-week low of $33.35 and a 52-week high of $41.42.

Exelon (NASDAQ:EXC - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.04. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The firm had revenue of $6.15 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same period last year, the business posted $0.67 earnings per share. Exelon's revenue was up 2.9% compared to the same quarter last year. As a group, equities analysts forecast that Exelon Co. will post 2.45 EPS for the current year.

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be paid a dividend of $0.38 per share. The ex-dividend date is Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.89%. Exelon's payout ratio is currently 62.55%.

Exelon Company Profile

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.